The next few months will tell us a lot about the shape of the coming global recovery. Despite ebullient stock markets, uncertainty about COVID-19 remains pervasive. Regardless of the pandemic’s course, therefore, the world’s struggle with the virus so far is likely to affect growth, employment, and politics for a very long time. Let’s start with the possible good news.
If the resilience of emerging markets to rising interest rates is all about the growth outlook, then data from China this week will be key.The country, the world’s biggest emerging market, releases gross domestic product statistics on Thursday.Less than a week after Angola abandoned its dollar peg, another African nation – Morocco –is due to make good on a promise it made several years ago to relax its currency regime.And policy makers in South Korea, South Africa, Turkey and Indonesia are du
